Moira’s Tax Trap

A quick read of the papers recently would make you think that Moira Stuart has been up to a bit of a tax fiddle. The truth is that she has, like thousands of people, just arranged her affairs in a perfectly legitimate way which results in her paying less tax. Moira’s ‘crime’ was to put £40,000 of income through her own limited company.

Moira’s made the news though for two reasons though. First, she’s the face of HMRC and secondly, tax avoidance is now culturally frowned upon (unlike illegal tax evasion which has been frowned upon for many years!).

The climate of austerity, together with a feeling that big companies and wealthy individuals get away with not paying their fair share, has now trickled down to criticism of ‘ordinary’ people for doing basic tax planning. HMRC must be thrilled.

• ← Prev
 ∣ 
• Next →